Oregon Legislature: More than 50 new taxes and counting!

Posted by Eric Fruits155.40pc on January 20, 2015

The Taxpayers Association of Oregon reports that the Democrats running the Oregon Legislature have already lined up 50 NEW TAXES or TAX INCREASES! And, this is on top of Democrat ideas to get rid of the Kicker and to raise property taxes.

It's so bad, in fact, that the Willamette Week says that the Democrats want to open "tax floodgates."

HB 2079 – Requires, for Oregon corporate excise or income tax purposes, addition to federal taxable income of amount of employee compensation over prescribed limit.

HB 2080 – Provides that for first property tax year after sale or transfer of property, assessed value and maximum assessed value equal real market value of property.

HB 2082 – Imposes tax on each fuel supplier and utility based on amount of carbon in carbon-based fuel that is sold by fuel supplier to consumers in state or that is used to produce carbon-generated electricity supplied by utility to consumers in state.

HB 2096 – Provides that corporate minimum tax may not be reduced, paid or otherwise satisfied by use of tax credits, other than certain tax credits allowed for energy conservation facilities.

HB 2097 – Modifies conditions for optional reduced rates of personal income tax on nonpassive income attributable to partnership or S corporation by aligning with federal provision that allows for elective grouping of related entities that form economic unit.

HB 2098 – Limits property tax exemption under strategic investment program to real property, other than land and buildings, and personal property.

HB 2099 – Modifies list of jurisdictions of incorporation for which income must be included on Oregon corporate excise tax return, if corporation is member of unitary group with Oregon corporation.

HB 2100 – For purposes of corporate excise tax, includes corporation doing business or incorporated in foreign country in determination of unitary relationship among corporations.

HB 2104 – Creates or adjusts sunset for certain income and corporate excise tax expenditures not required under federal law or Oregon Constitution.

HB 2134 – Expands definition of “tobacco products” for purpose of taxation to include electronic cigarettes and nicotine solution.

HB 2135 – Removes prohibition against local government enactment of taxes on alcoholic beverages.

HB 2159 – Imposes tax on each fuel supplier and utility based on amount of carbon in carbon-based fuel that is sold by fuel supplier to consumers in state or that is used to produce carbon-generated electricity supplied by utility to consumers in state.

HB 2160 – Removes prohibition against imposition of taxes by county on cigarettes and tobacco products.

HB 2162 – Removes prohibition against local government imposition of taxes on cigarettes and tobacco products.

HB 2163 – Repeals prohibitions against local government imposition of certain taxes.

HJR 1- Proposes amendment to Oregon Constitution to allow bills for raising revenue to pass with simple majority of both houses.

HJR 3 – Proposes amendment to Oregon Constitution to require that initiative petition proposing law or constitutional amendment with fiscal impact also provide new tax or fee or increase in rate of existing tax or fee to cover immediate and future costs of law or amendment.

HJR 11 – Proposes amendment to Oregon Constitution removing limitation of six percent of market value on rate of taxes imposed on oil or natural gas.

HJR 12 – Proposes amendment to Oregon Constitution to reset assessed value and maximum assessed value to real market value for property that is subject of sale or other transfer.

HJR 14 – Proposes amendment to Oregon Constitution directing Legislative Assembly to adopt sales tax at rate of five percent on sales of tangible personal property and services and use tax at rate of five percent on purchase price of tangible personal property.

SJR 2 – Proposes amendment to Oregon Constitution to transfer excess personal income tax revenues to state school fund established by law to provide funding for kindergarten through twelfth grade public education.

SB 12 — Removes prohibition against local government enactment of taxes on alcoholic beverages.

SB 14 – Removes prohibition against local government imposition of taxes on cigarettes and tobacco products.